Sales Budget for ColorfulFurniture1.The ColorfulFurniture Company manufactures modern wood frame lounge sofas. Currently the company makes only one size of three-seat sofas, which is 35 inches deep by 90 inches wide. The final product consists of a routed, sanded, assembled, and stained wood sofa. Direct materials include oak wood frames and pre-made cushions. Other materials, such as wood legs, screws, hinges, sand paper, stain, and packaging...
What are life annuities and how do they protect against the risk of living too long?1. Explain, in a sentence or two, how life annuities can protect a person against the risk “of living too long.”2. Briefly explain what the word “term” in term certainty annuity refers to.3. Briefly explain why term annuities do not require a guarantee clause but life annuities do.4. Briefly explain the difference between an installment re...
Common Size Balance Sheet Preparation1. Prepare a common size balance sheet for the current and past year using the template I have provided for Bed Bath and Beyond Inc. and Pier 1 Imports, Inc. Express each item on the balance sheet as a percent of total assets using cell referencing. Please note that the first worksheet is for Bed Bath and Beyond Inc. and the 2nd worksheet is for Pier 1 Imports. You can use page 4-40 as a m...
Capital Budgeting TechniquesSince LSUS corporation is producing at full capacity, Amanda has decided to have Han examine the feasibility of a new manufacturing plant. This expansion would represent a major capital outlay for the company. A preliminary analysis of the project has been conducted at a cost of $1.6 million. This analysis determined that the new plant will require an immediate outlay of $54 million and an additional outlay of $31...
Explanation of Expected Litigation Gain DeductionThe purpose of this assignment is to analyze liabilities when making business decisions. Read Case Study 13-1 "Accounting for Contingent Assets: The Case of Cardinal Health," from Chapter 13 in the textbook. see highlighted textbook to be used for this assignment below. In a 250-500 word executive summary to the Cardinal Health CEO, address the following. 1.Explain the justification that coul...
Relationship of Assignment to Learning OutcomesTask: Relationship of Assignment to Learning Outcomes (Refer Course Guide). L.O. 2. Demonstrate knowledge of generally accepted accounting practices.Although these are projected statements, they are prepared on the same basis as historical statements. Some of the transactions will help you understand the impact of accounting policies such as depreciation and accrual accounting with the latter espec...
AimsThe module provides students with and introduction to financial management theory and techniques required for entrepreneurship and managerial decision-making within an international business context. 1.Demonstrate a comprehensive knowledge and critical appreciation of the key concepts and topical issues of International Finance. 2.Act autonomously in the analysis of new and/or abstract data using a range of techniques appropriate...
Task OneTask One Using the Annual Report and Accounts of Thomas Cook for the period 2015, 2016, 2017 and 2018, you are required to evaluate the performance of the company. You are required to : (a)Evaluate the performance of Thomas Cook in the following areas, using ratio analysis: -Profitability -Liquidity/Solvency -Working capital efficiency -Long term financial structure -Investors’ perspective In addition you cou...
Problem 5-56 Activity-Based CostingComplete problem 5-56 and exercise III-3 in the textbook. Prepare your responses in Excel with each problem on a separate tab. Problem 5–56 Activity-Based Costing (LO 1, 2, 4, 5, 7) 2. New product cost, under ABC: $7.46 per pound of Kona World Gourmet Coffee Company (WGCC) is a distributor and processor of different blends of coffee. The company buys coffee beans from around the world and roasts, blends, ...
Ross’s Lipstick Company’s long-term debt agreements make certain demands on the business. For example, Ross may not purchase treasury stock in excess of the balance of retained earnings. Also, long-term debt may not exceed stockholders’ equity, and the current ratio may not fall below 1.50. If Ross fails to meet any of these requirements, the company’s lenders have the authority to take over management of the company. Chan...
The bank statement for Farmer Co. indicates a balance of $7,735 on June 30. After the journals for June had been posted, the cash account had a balance of $4,098. Prepare a bank reconciliation on the basis of the following reconciling items: a) Cash sales of $742 had been erroneously recorded in the cash receipts journal as $724. b) Deposits in transit not recorded by bank, $425. c) Bank debit memo for service charges, $35. d) Bank credit memo fo...
1. List at least 5 points that are important to ensure communication delivers on customer needs, expectations and priorities. (5 marks) 2. It is important that staff should deliver an outstanding customer experience at all times. What are the specific behavioural competencies that this requires and how would this be measured? (5 marks) 3. Using information provided in Unit 2, it is important that an organisation cont...